Carrefour‘s first-quarter and Supervalu’s full-year results kept the just-food news desk busy this week, despite a shorter week following the Easter break. Carrefour’s CFO in particular sounded an upbeat note on the firm’s earnings call, despite its struggles in France. Supervalu chief executive Craig Herkert was equally optimistic, informing analysts of the firm’s expectations for “another year of solid progress”. Elsewhere, just-food spoke exclusively to Ebro Foods‘s chairman and CEO Antonio Hernandez Callejas who talked about the firm’s growth plans and its acquisition challenges.
“We enter the new fiscal year as a leaner company, committed to a business strategy that will make us a more competitive retailer” – Supervalu Inc chief executive Craig Herkert said the retailer had built a “strong foundation” over the last 12 months on which it could continue to implement its new strategy.
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“We are debt free in a market where access to credit has become increasingly difficult, so we didn’t buy the company but we still have the money, and today you can probably buy more with that money than you could last March” – Ebro Foods chairman and CEO Antonio Hernandez Callejas believes the company is in a better position for losing the purchase of SunRice.
“As you know, one of the key cogs in that plan is a new commercial mix that shifts away from promotions to focus more on steady pricing. This, admittedly, has had an impact on sales but should gradually lead to an improved performance” – Carrefour CFO Pierre-Jean Sivignon explains the firm’s drop in sales was a result of the implementation of the group’s “reset plan”
“IHC has a strong track record of investing in successful food businesses around the world and Adelie is its first major investment in the UK” – a spokesperson for Adelie explains the rationale behind the sale to IHC
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“Monitoring should be very serious. Internal control should account [for] 30% in the total cost of the product” – Gennady Onishchenko, head of Russian consumer rights watchdog Rospotrebnadzor on Russia’s agreement to lift the ban on the import of Ukrainian cheeses
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